global economy

The promise of microlending made explicit, if not proven.
The promise of microlending made explicit, if not proven.

Micro loans help small borrowers start or continue enterprises, even if the borrowers cannot put up collateral. Giving such loans to women in developing countries has been widely touted as a way to help them and their families economically – and also boost the social status of women in societies where relations between men and women are very unequal. Do micro loans work to achieve these goals? Our research looked at this issue in Bangladesh and discovered that it takes more than increments of economic help to improve the social status of women.

Results of a Project Meant to Help Women

Our recently completed research project analyzed data collected as part of the Chronic Poverty and Long Term Impact Study in Bangladesh. Various development initiatives over a 10 year period were examined in this study, which used panel surveys, life-history interviews, and focus groups to learn how programs have influenced family decision making and the control of resources by various household members. Our research focuses specifically on women’s participation in the “fishpond program,” an economic development project implemented in the Jessore District of Bangladesh.

The fishpond program aimed to improve economic wellbeing and nutritional standards for women and their families, and at the same time hoped to empower women and improve their social status. Women in a dozen different villages were offered both technical training and credit to help them develop group fishponds using innovative techniques. The female recipients were selected by a non-governmental organization based on economic need.

As the program unfolded, it was evaluated by researchers who interviewed husbands and wives shortly after the project was launched and again ten years later. Of course the researchers wanted to see if the fishponds improved the economic and nutritional status of families, but in addition they probed how the new economic activities of women grantees influenced their social status. Would their marriages improve as a result of the program? Would the women report less domestic violence? Would women come to own a greater share of the marital property after they became more important economic providers? Would both spouses report that women were more equal partners in their marriage? more...

Chronic diseases and injuries are the leading causes of premature death and preventable illnesses in the United States and around the world. Injuries cause many unnecessary deaths among young adults and children. Traffic crashes hurt 50 million worldwide each year, and firearms and alcohol are also leading threats. Meanwhile, half of all Americans suffer from chronic conditions like heart disease, diabetes, and cancer that account for seven out of every ten deaths and eat up three-quarters of health care dollars. By 2030, chronic diseases will cause more than three quarters of deaths worldwide, costing some $47 trillion over the next two decades.

Conventional wisdom attributes the growth of injuries and chronic illnesses to seemingly inevitable causes such as population aging and changing lifestyles. Such forces are at work, of course, but it is the task of public health scientists like me to probe more deeply.

A closer look reveals that many unnecessary injuries and chronic health problems are spurred by what might be dubbed the “corporate consumption complex” – a network of consumer products companies, financial institutions, trade associations, and public relations firms that deliberately urges people to buy unhealthy foods and unsafe products. In 1961, President Dwight Eisenhower warned that the military industrial complex posed a danger to our democracy and well-being. Today, the consumption complex constitutes a similarly grave threat. more...